January 29, 2025/InvestmentOne Update ASI as at 12.00pm: +0.55% Top Gainers and Losers: CHELLARAM (+9.98%), STANBIC (+9.92%), MCNICHOLS (-10.00%) and THOMASWY (-9.80%). Sector Performances: Banking (+0.51%), Consumer Goods (+0.47%), Industrial (+0.01%) and Oil & Gas (-0.09%). Market activity: In today’s trade, total volume and value decreased by 33% and 30% […]
Author: InvestAdvocate
Nigeria Records Drop in Merchandise Trade, Sustains Net Trade Surplus in Q3 2024
January 28, 2025/FBNQuest Research The Central Bank of Nigeria (CBN) disclosed that the total value of Nigeria’s merchandise trade decreased by -3% quarter-on-quarter (QoQ) and -13% year-on-year (YoY) to US$22.8bn in Q3 2024 according to the Quarterly Statistical Bulletin (QSB). The sequential reduction in the nation’s trade position was primarily […]
Unilever Nigeria Plc Q4-24: Rising Operating Expenses Stall Profitability Growth
January 28, 2025/Cordros Report Unilever Nigeria Plc (UNILEVER) published their Q4-24 unaudited results yesterday reporting a 29.2% decline in standalone earnings per share to NGN0.85 (Q4-23: NGN1.20), bringing 2024FY EPS to NGN2.77 (2023FY: NGN2.86). We attribute the decline in earnings per share to the spike in operating expenses (+44.8x y/y […]
